Listed by RE/MAX Direct
$3,000,000
3902-3904 NW 126 Avenue 3902-3904
Details
APN 484118BJ0030 | 484118BJ0020
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 9,307
Net Rentable (SqFt) 9,307
Units 2
Cap Rate 4.65%
NOI $139,605
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 12
Lease Expiration 03/31/2028
Remaining Term 1.8
Rent Bumps Yes
Lease Options yes
Price per SqFt $322
Broker Co-Op Yes
Class A
Year Built 2009
Zoning IRD
Parking Spaces 4 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2016
Occupancy Date 04/01/2016
Ground Lease No
Loading Docks 1
Dock High Doors 1
Ownership Corporation
Sale Condition 1031 exchange
Industrial | 9,307 Sqft | CORAL SPRINGS CORPORATE CENTER |
Marketing description
Sale includes (2) Class A Industrial Office/Warehouses 3902 & 3904 totaling 9,307 SF, zoned IRD, located in Coral Springs Corporate Park. Built in 2009, the property features a reception area, multiple work rooms/stations, 3 bathrooms, and an approximately 2,400 SF mezzanine. The warehouses includes 1 dock-high roll-up door and 1 drive-in roll-up door, offering flexible loading and operational functionality. The property is currently leased under a NNN lease to a national medical tenant through March 31, 2028, providing stable income potential. Situated within a small three-owner condo association, this well-maintained industrial space is located in a desirable business park setting.
Investment highlights
Sale includes (2) Class A Industrial Office/Warehouses 3902 & 3904 totaling 9,307 SF, zoned IRD, located in Coral Springs Corporate Park. Built in 2009.
Listing Contacts
Listed by RE/MAX Direct
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,605.00
$11,633.75/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
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